KPI Green Energy Limited has approved the grant of 4,70,104 stock options to an eligible employee under its Employee Stock Option Plan 2023. This decision was made by the Nomination and Remuneration Committee via a circular resolution dated August 24, 2026. The stock options are exercisable at ₹35 per share and will vest over a period of four years, with a minimum vesting period of one year.
Stock Option Grant Approved
KPI Green Energy Limited announced today, August 24, 2026, that its Nomination and Remuneration Committee has approved the grant of a significant number of stock options. A total of 4,70,104 stock options have been granted to an eligible employee under the company’s ‘KPI Green – ESOP 2023’ plan.
Key Terms of the Grant
Each stock option granted will be convertible into one equity share of the company, with a face value of ₹5 per share. The exercise price for these options has been set at ₹35 per share, as approved by the Compensation Committee. This equity-based incentive aims to align employee interests with the company’s long-term growth and performance.
Vesting and Exercise Period
The stock options are subject to a structured vesting schedule. A minimum vesting period of one year from the date of grant is mandated. The vesting will occur in tranches: 25% after the first year, another 25% after the second year, 35% after the third year, and the remaining 15% after the fourth year. The maximum vesting period for any granted option will not exceed five years from the grant date.
Once vested, the options may be exercised in whole or in part within a period of three months from the date of vesting. Options not exercised within this stipulated period will lapse.
Source: BSE
